Real economy took a sharp turn for the worse immediately after the bankruptcy filing by Lehman Brothers on September 15, 2008.
Answer the following statement true (T) or false (F)
True
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Refer to the scenario above. If Aqua Inc charges a price of $20 for each unit of Good A while Blu Corp . charges a price of $60, Blu Corp . will ________
A) face the entire market demand B) lose all its customers to Aqua Inc. C) face a demand of 2,000 units D) face a demand of 1,500 units
Which of the following statements is false?
A. A call option will sell for a fraction of the cost of the stock. B. A futures contract can be written for a commodity (such as wheat), or for a currency. C. A futures contract gives the owner the right, but not the obligation, to buy or sell a commodity at a specified price on a given future date. D. The specified price at which an option gives the owner the right to buy a stock at is called the stick price.
A decrease in both equilibrium price and quantity could be produced by a(n)
a. decrease in supply, with demand constant b. increase in supply, with demand constant c. decrease in demand, with supply constant d. increase in demand, with supply constant e. improvement in technology
Which of the following would cause the production function to shift upward?
a. A decrease in the capital stock b. A decrease in human capital c. An increase in population d. An increase in human capital e. Diminishing returns to labor